Banking and credit authorities said financial technology (fintech) firms should start serving businesses in the countryside to enable those with no access to banks to have better financial services like those served by big banks.
Commercialized under the brand BambuSat, the capacity will be used for broadband, maritime, and government services across the country?s 6,000 inhabited islands.
A professor from the Asian Institute of Management (AIM) has reported that capacitating micro, small, and medium enterprises (MSMEs) involves addressing certain gaps.